Empty commercial properties can be costly for property owners who face reduced rental income, increased maintenance and security costs. Insurance premiums for vacant properties may also rise in response to the additional risks presented by vacant properties.
Ransomware and extortion attack operations are amongst the most prominent risks facing UK businesses, according to the National Cyber Security Centre (NCSC) – a part of GCHQ – in partnership with the National Crime Agency (NCA).
As the Building Safety Act’s comprehensive new residential building safety laws came into force on 1 October 2023, here’s a quick recap of what it means for the construction sector.
Recent legislative changes and the impact of the economic downturn may present additional risks for surveyors in the year ahead.
As the weather changes, storms and increased rainfall can increase the risk of weather damage to commercial properties. After fire claims, escape of water is one of the most common types of claim, with insurers paying out £1.8 million every day.
